Archive for October, 2014

Four Tips For a Great Presentation

Giving a presentation is very similar to public speaking.  Many people freak out because they have to get up in front of an audience and speak about a topic in which everybody assumes they’re an expert.  However, you don’t need to lose your nerves!  By following the a few simple rules, you can give a great presentation even if you’re not the expert on that topic.Presentation

Know your audience: Try to learn as much about the audience as you can because this is about what the audience wants to learn. It’s not about what you want to talk about.  For example, the average age of the audience and their knowledge about the topic are important factors which will help you determine the tone and content of the presentation you will deliver.  Keep in mind that your slides should consider what the audience doesn’t know and what they want to know.

Communicate the content of the presentation:  It’s helpful to have an outline slide at the beginning and a summary slide at the end specifying the key takeaways of the presentation.  In the outline slide, tell the audience what you’re going to tell them during the presentation.  Then, tell them what you actually want to tell. Finally, to conclude your presentation, tell them what you told them. This is one of the most effective ways to make your audience still remember your main points after the presentation.

Be professional with your slides:  Make your slides entertaining.  Don’t use too many bullet points and make your slide look overcrowded.  Instead, use graphs and pictures whenever possible.  Don’t use too much animation in transitions between slides unless you are absolutely sure that all of the animations will work.  If you are giving a presentation in an unfamiliar environment or using a different computer other than yours, animations may not work due to different system versions.  Remember that simple is always better and less is always more.

Make an emotional connection:  Take every opportunity to connect with your audience.  Look your audience in the eyes.  Don’t just look at your slides.  Be humorous and don’t try to show off.  Use gestures and hand motions.   Be careful about the tone of your voice.  Try to sound friendly and not bossy.  Moreover, tell stories whenever you can.  People like to hear other people’s lives because they usually find similarities and they can identify themselves with them.   In addition, stories are more remarkable than graphs and bullet points as they’re easier to tell compared to facts because you can remember them easier.

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Design Your Customer Experience to be Frictionless

Most definitions of “customer experience” boil down to how customers perceive all their various interactions with a product.  And of course this only really makes sense when we try to view it from the customer’s own point of view.  The quality of a customer’s experience with your product or service is whatever the customer says it is.customer-satisfaction-experience-loyalty

In the vast majority of situations, customers aren’t buying a product or service for the sake of the “experience” of buying or using it.  They are just trying to solve some problem or meet some need, and if they could solve that problem or meet that need without having to deal with a company at all, don’t you think they would?

What this means is the ideal customer experience should be designed to be frictionless.  The ideal experience would require no extra effort on the customer’s part, it wouldn’t require the customer to repeat anything they’ve already said, and wouldn’t pose any obstacles to meeting the customer’s need.

Probably, in fact, the ideal customer experience would be no experience at all, to the customer.  That is, the only thing the customer would “experience” would be the elimination of whatever need or problem drove them in the first place.  So when you design your own company’s customer experience, you should aspire to that goal – the goal of receding from the customer’s awareness altogether, fading into the background of the customer’s life, never to cause a worry or require a task of any kind.

Marketing research supports this design concept, because studies have consistently shown customer loyalty is not very highly correlated with customer satisfaction scores, although customer disloyalty does have a high correlation with customer dissatisfaction.  In other words, customers don’t necessarily stay because they’re satisfied, but they often leave because they’re not.

In one survey of nearly 100,000 US consumers, each of whom had recently participated in some online or over-the-phone interaction with a business, researchers Matt Dixon, Nick Toman and Rick DeLisi found  “there is virtually no difference at all between the loyalty of those customers whose expectations are exceeded and those whose expectations are simply met…[and] virtually no statistical relationship between how a customer rates a company on a satisfaction survey and their future customer loyalty.”  In fact, the survey found an R-squared (coefficient of determination) of just 0.13 between satisfaction and loyalty, which is very close to saying no correlation at all. (R-squared values range from 0 to 1.0, and to put this particular score into perspective, an R-squared of 0.71 quantifies the correlation between “getting good grades in school” and “achieving career success later in life.”)

Instead, the key driver of customer disloyalty appears to be dissatisfaction, driven by unresolved problems or service issues – from the customer’s perspective, friction.  According to the study, a customer service interaction is roughly four times more likely to drive disloyalty than loyalty.

So when you design your own company’s customer experience, it’s important to deconstruct every different type of customer journey, realizing that different customers need to be treated differently.  Then take some time and try to figure out how to suck as much friction out of each customer’s experience as possible.

If you want some guidance in breaking down the elements of a truly frictionless experience, think of these elements in terms of reliability, relevance, value, and trust.

  • Reliability. Your product or service should perform as advertised, without failing or breaking down. You should answer your phone, your web site should work, service should be performed on time, and so forth. Your systems and processes should be capable of rendering a product or service on schedule, seamlessly across multiple channels and consistently through time, in such a way that it doesn’t need a lot of maintenance, repair, correction, or undue attention from the customer just to meet whatever customer need or solve whatever customer problem it’s designed to handle.
  • Relevance. You should remember your customer from transaction to transaction, never requiring a customer to re-enter information, or to look things up that the company ought to know about them already. Every time a customer has to tell a call center agent their account number again, having just punched it in on their phone, they are coming face to face with friction. The most efficient way to overcome it is to remember each customer’s specifications, once you learn them.
  • Value. The value-for-money relationship can’t be out of kilter. As a customer, when you go to Costco you don’t expect a Bergdorf experience. But when you buy a Lexus, you expect more than a Ford experience.  Whatever product or service your customers are buying from you must be good value-for-money.  It will be economical for customers who are interested in price, and it will provide “fair value” for customers more interested in quality, status, or other attributes.
  • Trust. In today’s hyper-interactive world, mere trustworthiness – that is, doing what you say you’re going to do and not violating the law – is no longer sufficient to render a frictionless customer experience. Increasingly, customers expect you to be proactively trustworthy, or “trustable.”  Trustable customer experience is one in which the customer knows the company provides complete, accurate and objective information, and will help the customer avoid mistakes or oversights.  In the customer service arena, think about reducing friction by trying to improve “next issue avoidance.”  Think about a call center rep, for instance, proactively advising a customer how to deal with whatever problems might now occur, once they hang up the phone on this particular call.  That would be trustable

 

This article was originally posted to the Think Customers Blog by Don Peppers on October 7, 2014

 

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Stop Using Features, Advantages and Benefits in Selling

The key to successful selling is learning to understand a client’s buying criteria and building your presentation around them.  Its common knowledge nobody likes to be sold to.  But people love to buy. And, because your prospects may feel resistance towards salespeople in general, you need to present your product or service in a way that glides right past any resistance.  If you can do that properly, your prospects will want to hear more and they will take action in response to your suggestion.

Stop using Features, Advantages and Benefits!

Features Advantages Benefits Sales PeopleHow are you going to do it?  Well, here’s the way to overcome it.  Instead of naming features, advantages and benefits of your product and service, start with asking questions.  You need to find out your client’s hot buttons, and they’re all located in the unconscious mind with their emotions, and their values.

When you know what someone’s criteria are for any given specific situation, you hold the key which unlocks the door to closing the deal.  You have the piece of information which will open your prospects up, and you’ll be able to talk to their conscious and to their subconscious mind.

Then, when you do start with your presentation, your messages will not only be right on target, they will be focused to the one thing and one thing only – that being what is really important to your clients. You’ll not be talking about features or benefits, but the client’s hot buttons.

All humans are the same.  We all have needs, we all have wants, we all have drives, and we need to connect to those wants and needs and drives.  People love to buy.  People love stories.  People love to be led.  Your role is to lead people, not to name features and benefits.  Everyone can be persuaded.

This should be your mantra. You need to believe you can persuade everyone.  But to start doing it, you need to uncover their hot button which will make them buy.  Forget about selling logically.  Forget about focusing on a logical rationalization of objections people have and to handle any objection they have logically.

Stop using features and benefits.  Start talking to your client’s unconscious mind.  Here I’m talking about their emotions and their values.

So what is a Hot Button?

A Hot Button is something important to your client.  It could be a problem; it could be a need, an interest, maybe even a passion.  It’s what motivates your client’s decisions.  Your role is to find this hot button.  Let your clients talk.  Your job is to ask open-ended questions, and then you listen.  But more importantly, you have to touch on the important stuff.

If you just use same old questions with each and every client you have, you’ll always get the same answer, and probably not be successful as you could be.  Every person has things which are really important to them.  At a high level, we refer to these as values, like security, adventure, freedom.  But people also have values within a different context.  In a sales environment, you have to uncover the values that are related to the situation they have, and these are referred to as criteria or buying formula.

Now, if you ask a person “What is important to you in your work?” they’ll tell you what their criteria are for their work, like doing a great job, making lots of money, helping other clients.  And if you ask the same person what is important to them about the place where they live, you get to talk to a different criteria because the context is different.   A client’s criteria are really context-dependent.

So your client’s hot buttons are dependent on the context of the communication. Your client’s criteria in an influence situation are their hot buttons within that context.

For example, if a person is buying a home and he or she says, “I’m really interested in a safe and secure neighborhood,” that’s what’s most important to them.  Then those specific words are their criteria in that context, their hot buttons.  When you start presenting, you have to use those same criteria to let them know that you understand them.  It’s a part of reflective listening, where you use the keywords that people are mentioning to you during the questioning phase of the sales process.

The truth is its more difficult to sell in today’s market because the world is much more diverse than it was a decade, or even a year ago.  Today’s sales challenges don’t respond well to last century’s tips, tricks and techniques.  Those skills are not wrong; they are simply old, outdated and incomplete for today’s market.

This article was originally posted by Alen Mayer on The Missing Piece to Your Sales Success.

 

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Five Key Sales Traits of a Rock Star Sales Rep

Your sales people are some of the most instrumental employees at your company. You put your business’s success in their hands. Without them, you wouldn’t be selling your products or services and you wouldn’t be making any profits.

It’s natural then that you want to find the very best sales people with necessary sales traits. Not everyone is cut out to be a sales rep; some people just don’t have the sales traits that are needed to be successful in the field. To ensure you are employing rock star sales reps, here are five key sales traits that you should keep in mind while hiring.Top Performer Alt View

  1.  Assertiveness. Assertiveness is one of the most important sales traits to ensuring a shortened sales cycle. A sales rep with this trait is persistent enough to keep going after a sale, and confident enough to believe that he can get it. Sales reps who are passive may not be able to handle rejection or close a deal if they face any type of obstacle, while overly arrogant sales reps can seem pushy and abrasive, which will turn off potential customers. Assertiveness lies somewhere in the middle, and it’s this moderation between the two that leads to success.
  2. Drive. Sales people are often left to their own devices. The executives know that they need the independence to build their own customer relationships, come up with their own sales tactics, and do what they need to do to close a sale. Of the many sales traits a person can have, drive is vital to success. A sales rep with drive will not quit until he has that sale. A driven sales person has goals, and will figure out how to accomplish them without any prodding. He is determined, persistent, and passionate.
  3. Empathy. Empathy is subtle, but it’s one of the most invaluable sales traits that a successful sales rep can have. An empathic sales person can relate to the customers, understand their needs and concerns, and can really identify with them and put them at ease. An empathetic sales person can gain the customers’ trust and create strong connections with them. Customers feel like they are important and that the sales rep is really interested in providing them with a solution to their problem. This interpersonal sales trait ensures that the building blocks to long-term customer relations are set in place, so the customers will want to work with your company for the near future.
  4. Focus. A sales rep can have all the personality sales traits needed to charm the prospects, but if he doesn’t have focus to get the job done, all the leg work will have been a waste of time. A sales rep with focus is internally driven to accomplish his goals above all else. He can stay on topic long enough to close the sale, while clearly stating objectives, providing clear and direct answers to questions and possessing the self-discipline needed to stay on target.
  5. Optimism. Your prospects won’t want to be around negative sales people. When your sales rep has optimism, people will naturally want to be around him. What’s more, it’s vital for your sales rep to have this trait when things go awry. If one morning sales call goes terribly, an optimistic person will brush it off and believe that the next meeting will be better. A negative person will let this failure affect his performance for the rest of the day, or week. An optimistic person will not let anything get them down, whether it’s a bad economy or a bad day.

There are five sales traits that every rock star sales rep needs to have to succeed. When you know what these traits are, you can create the fiercest sales team possible for your business, which will in turn create a high return on investment and boost your profits.

This article was originally posted to the Sales Force Search Blog by Brett Evans on October 4, 2014.

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